Tax

JUDGMENT OF THE COURT (Fourth Chamber) Case C-405/18 REQUEST for a preliminary ruling under Article 267 TFEU AURES Holdings a.s. v Odvolací finanční ředitelství Judgment 1. This request for a preliminary ruling concerns the interpretation of Articles 49, 52...

Cyprus IP Box regime amended   The Cyprus Tax Legislation was recently amended with respect to the tax treatment of intangible assets providing increased flexibility to taxpayers benefiting from the Intellectual Property (IP) Box regime. The amendments relate to...

    New Amendments of the VAT Legislation   The Cy Parliament voted and published the below amendments to the VAT Law with effective date the 20th of August 2020. The amendments are as follow: Definition of Legal Person....

Cyprus-Russia DTT Revised   As of 1 January 2021, the withholding tax on dividends and interest paid from Russia to Cyprus will increase to 15% with certain exemptions, regarding regulated entities and certain types of interest on corporate bonds,...

EU Announces DAC7, Review Of Corporate Tax Code Of Conduct   The European Commission has announced plans for a new Directive on Administrative Cooperation, on the exchange of information on online platforms’ sales, and a new Communication on Tax...

Double Tax Treaty (DTT) Russia – Cyprus, update   The current DTT Russia – Cyprus is in force, however the discussions continue and will most likely be concluded this month by both countries. Last April the Russian Government requested...